How Abu Dhabi property rental rates have changed over the past decade – The National

How Abu Dhabi property rental rates have changed over the past decade – The National

How Abu Dhabi property rental rates have changed over the past decade. Take a look at what tenants in the UAE capital have paid in the years gone by. Using the writer as an example, the apartment I resided in until 2017 is now being advertised at Dh40,000 a year less than the last price I paid.. For many tenants, the blow of seeing previous haunts at much lower rents has been softened by being able to pay comparatively low amounts wherever you reside now - but that is the nature of market cycles.. Going back to 2008, a one-bedroom apartment was significantly more expensive in Abu Dhabi compared to Dubai - an average of Dh165,000, compared to Dh115,000.. The global financial crisis in 2009 brought rents tumbling across the country, and for Abu Dhabi they continued falling until 2013 when sentiment really picked up and tenants looked to move into neighbourhoods with new stock.. For others, such as the popular Reem Island and Al Raha Beach, rates have fallen back below 2011 levels when a two-bedroom apartment cost Dh145,000 and Dh130,000.. Further rental falls are expected but the market could be stabilising.. Chestertons, in its Abu Dhabi Market Report